Staying on budget when shopping for a new car is important, and the team at Greenway Honda of Florence is here to help. We offer a number of online resources, including our car finance payment calculator, to help you find a vehicle that checks all of the boxes on your wishlist without stretching your budget thin. See how to use our finance calculator below, and then you can get started on the path to finding the car of your dreams.
How to Use Our Car Finance Payment Calculator
Our car finance calculator is user-friendly, and it is easy to customize the various fields until you find a payment plan that works for you:
- Vehicle Price: Do you know the price of the vehicle you’ve had your eye on? Maybe you have a set price limit in mind. That amount can be added to the vehicle price field.
- Interest Rate: When you apply for financing online with our secure online application, you can see the interest rate you will likely be offered. Remember that the interest rate you receive varies based on factors like your credit score.
- Loan Term: Choose a loan term that meets your needs. Selecting a shorter term loan means that you will spend less in interest over time, but you will have higher monthly payments as a result. A longer term loan has the benefit of lower monthly payments, however, you will end up spending more in interest.
- Down Payment: When you make a down payment, this amount will be subtracted from the vehicle total and reduce your loan amount.
- Trade-In Value: If you plan on trading in your current vehicle, you can also include its value for a more accurate estimate. Use our online tool to see what your vehicle is worth.
Once all of the necessary information has been entered into the finance calculator, simply click “calculate payments.” It’s that easy to receive your estimated monthly payments. Remember that you can continue to adjust the above fields until you get an amount you are comfortable with.
Try Our Car Payment Payoff Calculator Today
If you are ready to start shopping for your next vehicle near Muscle Shoals, we invite you to try the finance calculator at Greenway Honda of Florence. If you have any questions about automotive financing, you can contact us at any time. We would be more than happy to assist you.